Many of us still need convincing that the recession has ended

Monday, September 09, 2013 3:34 PM

One-third of Americans think the U.S. economy is still in a recession or a depression, and only one-sixth of them believe the economy is growing, according to a survey released today. That survey also found "deep-seated pessimism about the medium term," Bloomberg Businessweek reported. Americans are highly critical of policymakers, unwilling to take risks with their savings, planning to reduce their indebtedness over the next year, suspicious of the stock market, and more worried about inflation than unemployment, according to the survey, which was sponsored by Absolute Strategy Research, a London firm that does macroeconomic research for institutional clients such as banks. The National Bureau of Economic Research, which declares the beginning and end of recessions, has determined that the recession ended in June 2009. Read more